The business day today started with a sharp fall in the dollar after the IMF Executive Board approved Pakistan’s stand-by agreement.
The value of the dollar continued to decline for the last three days, after which the price of the dollar dropped by 5 rupees 47 paisa in the interbank market on Thursday, bringing the dollar down to the level of 272 rupees.
Later, the trend of fluctuation started in the interbank market and the price of the dollar came down to 275 rupees 07 paise.
On the other hand, the approval of the IMF standby agreement has had a positive effect on the Pakistan Stock Exchange and on Thursday, the 100 index rose 39 points to 45554.
It should be noted that the price of the dollar in the interbank market yesterday also After the decline, it had fallen below Rs 278, while the dollar was at the level of Rs 281 after falling in value in the open market as well.
2 billion dollars to Pakistan from Saudi Arabia and United Arab Emirates yesterday
